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Annual Report 1995/96, Page 2 РОССИЙСКАЯ ЭКОНОМИЧЕСКАЯ ШКОЛА N E W E C O N O M I C S C H O O L Annual Report 1995/96 Российская Федерация,117418 Москва, Нахимовский проспект 47. Suite 1721, Nakhimovskii Prospekt 47., 117418 Moscow, Russian Federation. tel(7)(095) 129-3844 or 129-3722 # fax(7)(095)129-3722 E-mail [email protected] TABLE OF CONTENTS INTRODUCTION 4 ACADEMIC PROGRAM 6 COURSE OFFERINGS AND DETAILS: ACADEMIC YEAR 95/96 6 STATISTICAL REPORT ON COURSES 14 PUBLIC SEMINAR 17 CONFERENCES 18 STAFF AND FACULTY DEVELOPMENT 19 INSTITUTIONAL AND CURRICULUM DEVELOPMENT TRAINING 19 FINANCIAL DEVELOPMENT TRAINING 19 LIBRARY TRAINING 19 FACULTY DEVELOPMENT 20 RESEARCH AT NES 21 RESEARCH CENTER 21 STUDENT RESEARCH 24 COOPERATION WITH OTHER INSTITUTIONS 26 DONETSK STATE UNIVERSITY 26 INTERNATIONAL COLLEGE, MOSCOW STATE UNIVERSITY 26 HIGHER SCHOOL OF ECONOMICS (HES) 26 SUMMER SCHOOLS 26 THE STUDENTS 28 CURRENT STUDENTS: PROFILE 28 GRADUATES FOR THE ACADEMIC YEAR 1995/6 31 EMPLOYMENT AND/OR ACADEMIC PLACEMENT OF ALUMNI 31 ACADEMIC PLACEMENT OF GRADUATES: CLASS OF 96 34 ACADEMIC PLACEMENTS FOR ALL GRADUATES 36 ADMISSIONS CLASS OF 1998: STATISTICAL REPORT 37 FORMATION OF ALUMNI ASSOCIATION 37 NES Annual Report 1995/96, Page 2 FACILITIES 38 COMPUTER RESOURCES 38 THE DON PATINKIN MEMORIAL LIBRARY 38 OTHER 40 GOVERNANCE 41 THE INTERNATIONAL ADVISORY BOARD (IAB) 41 THE RECTORATE 42 ACADEMIC COMMITTEE 42 ADMISSIONS COMMITTEE 43 FINANCIAL COMMITTEES 43 GOVERNANCE OF THE RESEARCH CENTER 43 FINANCES 44 MAJOR FUNDERS: SOROS, EURASIA AND FORD FOUNDATIONS 44 RUSSIAN FINANCING SOURCES 44 FORMATION OF FRIENDS OF NES 44 PUBLICATIONS AND INFORMATION DISSEMINATION 45 PROSPECTUS 45 USE OF INTERNET 45 OTHER PUBLICATIONS 45 APPENDIX A: CONFERENCE SCHEDULES 46 APPENDIX B: ABSTRACTS OF STUDENTS’ THESES 49 APPENDIX C: NES DIRECTORY 57 CONTACT LIST 57 NES Annual Report 1995/96, Page 3 INTRODUCTION This annual report marks the end of the fourth year of operation of the New Economic School, Moscow. The School is now fully established with a growing reputation both regionally and internationally. Its curriculum has become more finely honed to meet the twin needs of the environment in which it operates and the standards of the best international institutions in the field of economics. Administratively, the School now functions with a smoothness arrived at by the hard work by a dedicated administrative staff. The year has seen a further indicator of the School’s growing maturity through the establishment of an Alumni association. The highlight of the year was the establishment of NES Research Center where students, visiting scholars and NES faculty can work together on research projects related to the economic transition. The initial core program of the Center is the study of the problems of Transforming Government in Economies in Transition (GET). This Center exists through the generosity of the Ford Foundation which is funding its establishment and first three years of operation. Despite these achievements, financial uncertainty still dogs the School’s best efforts and considerable energy is diverted from the main task into seeking ways and means to establish more stable and long term financial support. To date the School has been chiefly funded by Soros Foundations, Eurasia Foundation and more recently a grant from the Ford Foundation to enable the setting up of a Research Center. The School enjoys both academic and intellectual support from the Russian Government, but with so many demands on its limited financial resources it has only been able to provide very minor financial support, along with generously providing accommodation at the Central Economics and Mathematical Institute of the Russian Academy of Sciences (CEMI). The time has come for NES to look forward to a second stage of development which includes a long term and secure financial base. To this end, a Strategic and Financial Plan has been drawn up. The plan spells out a strategic program for the second stage of the development of NES during the next five years, 1997 to 2002. Its main guiding and organizing concept is the transformation of NES into a first rate indigenous Russian graduate School of teaching and research in Economics, fully integrated into the global economics community and the center for the dissemination of modern economics into other universities of the region, and into the public and private sectors. The plan sees the main carriers of this mission to be the graduates of NES, with Master and Ph.D degrees, the latter coming back to Russia from studies in some of the best economics departments in the West. For funding it still looks to its staunch supporters, The Soros Foundations, Eurasia and Ford Foundations. However, it will be increasing the effort to seek financial help from new supporters from Russia, Eastern Europe and the West. NES’s strategic goals are therefore: 1. To develop NES as a first rate Russian graduate school of economics pursuing high level teaching and research as part of the international economic community 2. To place qualified graduates of the School in teaching positions in other universities in Moscow and Russia and to serve as an ongoing academic and research support for them 3. To help place the school graduates (both with Masters and Ph.D qualifications) as professional economists in the public and private sectors of Russia, to offer them opportunities to continue to work on research projects at NES, and to serve as their follow-up academic guide and base 4. To develop NES into a main support, dissemination and outreach base for economics. In addition to the academic and research support for its graduates, NES will also provide training and research support to all other economists, whether teachers in other universities or professional economists. This strategy calls for action in a number of directions and a number of supporting activities: NES Annual Report 1995/96, Page 4 • Creating a Russian faculty at NES • Developing the Research Center for NES faculty and other graduates of NES • Creating first class academic and research facilities: a capital investment program • Establishing a placement, dissemination and outreach center in Moscow. This may be a division or a partner of the Alumnae Association of NES responsible, among others, for keeping in touch with all NES graduates in Russia and Abroad. The center will also be responsible for fundraising in Russia • Establishing small fundraising operations in the US and in Europe This report outlines in considerable detail the work and achievements of NES during the academic year 1995/96. It aims to draw your attention to the quality of the program offered; the calibre of the faculty (both visiting and local); the seriousness and importance of the research undertaken; the quality of its students; and the remarkable record of the ready placement of our graduates in some of the best economics departments in the world. NES Annual Report 1995/96, Page 5 ACADEMIC PROGRAM 1 During this academic year, development and refinement of the curriculum has continued. In particular, several important improvements were made to the Second Year program. In order to expose students early to the processes and skills required in academic writing and also to assist them in refining their final thesis topics, a course paper requirement was introduced this year. A further improvement was the introduction of a refereeing process for Masters theses. The theses were assessed by advisors and outside readers with the Thesis Committee awarding final grades of Distinction, Excellent, Pass or Fail. This year, three theses were awarded Distinction and four Excellent. (See Research at NES below for details of thesis topics and awards. See also Appendix B for abstracts) This academic year also saw an increase in the number of electives offered. These included courses in Economics of Natural Resources, Time Series and Finance. Course Offerings and Details: Academic Year 95/96 Pre-Academic Year: August 21 - September 8 Preparation: Intensive English Period 1: September 11- October 29, 1995 (Exams: October 28-Nov. 3) First Year Courses 1. Intermediate Microeconomics I Daniel Kahn, Georgetown U (Main textbook: Microeconomic Theory, W. Nicholson, Sixth Edition) This course begins with an introduction to the basic concepts and models of analysis in microeconomics. The course then develops the theory of the consumer including rational consumer behavior, consumer demand, market demand, equilibrium of pure exchange economies, and choice under uncertainty. 2. Intermediate Macroeconomics I Avner Bar-Ilan, U of Haifa (Main textbook: Macroeconomics in the Global Economy, J. Sachs and F. Larrain, 1993) This course is a study in the functioning of the national economy. The basic goal of the course is to understand the behavior of certain aggregate markets, the markets for goods and labor in particular, and how and why some key economic variables, like unemployment and inflation, change. The role of government is studied as well. 3. Probability and Statistics I Sergei Aivazian, CEMI This course is designed to introduce students to the statistical tools essential for other courses such as Econometrics and Applied Multivariate Statistical Analysis. The course starts with the basic notions of probability theory: probability space, random variables and models of probability distribution laws. Next, the main results of probability theory are discussed: probability distribution law of random variables which are functions of known random variables; Tchebychev's inequality; statistical
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